Tuesday, October 20, 2015

Apartments Near 19th Ave Light Rail Extension Sell for $14.7 Million

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The 227-unit Mission Shadows Apartments sold Friday for $14.7 Million or $64,750 per unit. The nearby intersection of 19th and Northern Avenues will soon be home to a light rail stop as a result of ongoing rail construction, to be completed in 2016. Canadian investors The Sheiner Group are the new owners of the property, which was purchased as a cash-only transaction.

The Mission Shadows Apartments were built in 1986 and consist of sixteen two-story buildings in a gated complex. Its unit mix includes of Studio, one-bedroom, and two-bedroom floorplans, some of which include washers and dryers in-unit.

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